How to interpret this years results

Landcoms control and influence varies according to the type of project, our level of involvement, how the project is delivered and the nature of the end product. For reporting purposes, we categorise our projects into those that deliver “land” and those that deliver “built form” products, as follows:

• Projects that deliver land: These are projects where we subdivide the land and sell it directly to the public. We either have no further control or limited influence on the housing or buildings erected on this land. However, we can exert some influence on design and sustainability initiatives through design guidelines or through the development approval process.
• Projects that deliver built form: For these projects, we subdivide land and remain involved in some way throughout part or all of the building process. We exercise control over the built form either through joint ventures, project delivery agreements or other builder partnering arrangements. In this way, Landcom is able to exercise additional control to promote sustainability and urban design objectives.

The type of sustainability data we collect is based on the milestone each project has reached. This years report covers 22 projects, being those which achieved a specific reporting “milestone” in 2009/2010. These milestones and the reporting indicators that are relevant to each are set out in the next table. Immediately following is a list of the projects that are included in this years report. Note that projects do not always respond to all indicators within each milestone, and this is related to the level of Landcom ownership and role within each project. Our project and corporate responsibility results follow on from these tables and include a detailed analysis of this years results.

How to read the tables

Those earlier indicators and results that have been replaced with new ones have been shown in each table in italics. Furthermore, words in italics and bold are defined in the glossary at the end of the Annual Report.

The sustainability results which appear in tables throughout this report are usually recorded in whole numbers. However, there are circumstances where the sensitivity of an individual result and our need to be accountable will dictate the need for greater accuracy. While this may result in some minor inconsistency in the way we present our results, our overall aim is to be transparent and to assist a readers ability to interpret our performance.

The exceptions to reporting in whole numbers are set out below:

• Results expressed as a percentage are provided in whole numbers only, with results rounded up or down as necessary.
  
  However, there are two exceptions to this rule:
  • any results against targets that are themselves expressed to one decimal point (e.g. our 7.5% moderate income housing target); and
  • wherever the result is 66.6% (rounded down to 66% for ease of understanding).
• Results that reflect units of measurement are recorded to one decimal place where the unit of measurement is large (e.g. tonnes, hectares). Results against smaller units of measurement (e.g. metres)
• are expressed in whole numbers only, with results rounded up or down as necessary.
• A zero result may be recorded either as N/A (not applicable) or nil where this better clarifies the result for the reader.
• Financial results are generally provided to two decimal places which conform to standard accounting practices.